Coca Cola completed acquisition of Costa Coffee from Whitbread for £3.9bn.

The Coca-Cola Company, a leading beverage manufacturer completed the acquisition of Costa Coffee, a major coffee brand from Whitbread, a British multinational hotel and restaurant company for £3.9bn ($5bn). The acquisition will expand the existing Coca-Cola coffee lineup by adding another leading brand and platform. The portfolio already includes the market-leading Georgia brand in Japan, plus coffee products in many other countries. Costa also provides Coca-Cola with strong expertise across the coffee supply chain, including sourcing, vending and distribution. This will be a complement to existing capabilities within the Coca-Cola system. “Costa gives Coca-Cola new capabilities and expertise in coffee, and our system can create opportunities to grow the Costa brand worldwide. Costa gives us access to this market through a strong coffee platform. I’d like to welcome the team to Coca-Cola and look forward to working with them.” James Quincey, Coca-Cola President, and CEO.